The U.S. Department of Labor (DoL) has filed suit against the owners of
a bankrupt Chicago-area company for diverting their employees’ health
care premium payments and 401(k) contributions and loan repayments.

Plan sponsors can now take full advantage of a new federal government
system for online filing of the required annual report to the Employee
Benefits Security Administration (EBSA) at the U.S. Labor Department.

The head of the Department of Labor's Employee Benefits Security Administration (EBSA) said today that the agency plans to
release its long-awaited regulation dealing with providers’ fee
disclosure under 408(b)(2) in May 2010.

In implementing its newly announced initiative to see how it can best
facilitate the use of lifetime income investment vehicles in retirement
plans, the U.S. Department of Labor (DoL) plans to release a formal
request for information document in January.

The long saga of the U.S. Department of Labor’s (DoL) hotly debated investment advice rule took another twist today when the DoL’s Employee Benefits Security Administration (EBSA) announced the controversial final rule is being withdrawn.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced Monday that it is giving itself until May 17, 2010, to develop a new version of its final investment advice rule.

The Department of Labor's Employee Benefits Security Administration (EBSA) has issued additional guidance in response to questions from plans and service providers on the requirements for reporting service provider fees and other compensation on Schedule C of Form 5500.

Disgraced NFL quarterback Michael D. Vick has agreed to pay $416,461 in
restitution to a pension plan sponsored by his company MV7 LLC to
settle allegations Vick had funneled off plan assets for his personal
use.

MARKET MIRROR

Tuesday, the Dow increased 82.66 points (0.35%) to 23,675.64, the NASDAQ closed 30.18 points (0.45%) higher at 6,783.91, and the S&P 500 was virtually unchanged at 2,546.16. The Russell 2000 was down less than one point (0.07%) at 1,377.18, and the Wilshire 5000 was down 1.90 points (0.01%) at 26,158.25.

The price of the 10-year Treasury note increased 11/32, bringing its yield down to 2.819%. The price of the 30-year Treasury bond climbed 25/32, decreasing its yield to 3.075%.